The Iran government is revising its draft budget to assume a base oil price of $40, from $72, the...

The US crude export ban that was imposed in 1975 should be repealed 40 years later to ensure the...

Gazprom Neft subsidiary Gazpromneft Sakhalin has received subsoil-use rights to two license blocks in the Russian Arctic. The Severo-Zapadniy (northeast) block...

Repsol has completed operations on an exploratory well offshore the Canary Islands. The DP drillship Rowan Renaissance spudded the Sandia...

Mexico’s finance secretary says plunging oil prices may delay bidding on some oil and gas exploration and production contracts. Luis...

Oil services provider Schlumberger Ltd. says it is cutting 9,000 jobs in response to falling oil prices. The reduction represents...

Egypt is open to importing gas from Israel, its oil minister said in state-owned media on Wednesday, another sign...

The Ministry of Electricity plans to add 3,600MW of electrical energy next summer to overcome growing electricity consumption, according...

UAE-based Dana Gas revealed on Wednesday that it could delay the schedule of receiving the owed debt by the...

Shell Gabon has awarded Van Oord an engineering, procurement, and construction contract to replace a dual 10-km (6.2-mi) long oil...